Gwadar port

China took over management on Monday of Pakistan’s Gwadar port, en route to key Hormuz Straits oil shipping lanes, in a move which has prompted nerves in India about its fellow Asian giant’s growing strategic clout.

The Pakistani cabinet on January 30 approved the transfer of Gwadar port, a commercial failure cut off from the national road network, from Singapore's PSA International to state-owned China Overseas Port Holdings.

China is expected to take operational control of the strategically located Gwadar port on Pakistan's southwestern coast this month. The state-run Chinese Overseas Port Holdings has bought the shares of Singapore's PSA International, the concession holder and operator of the port, under a deal approved by the Pakistan government.